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part of negotiation, right now there is a huge imbalance where US sells & billions worth of cars to Europe and Europe sells over 37 billions worth back to us.
So a bit more than 1 to 5 ratio, I think it is about time we have a president that understands he was elected by Americans to represent our interest!
part of negotiation, right now there is a huge imbalance where US sells & billions worth of cars to Europe and Europe sells over 37 billions worth back to us.
So a bit more than 1 to 5 ratio, I think it is about time we have a president that understands he was elected by Americans to represent our interest!
What you described is called demand. Do you really think if Europeans wanted more American cars that we wouldn’t export more?
If that is the case than I think this is a good but risky strategy. As long as he does not actually start a trade war that will benefit no one. The problem with Trump is that you never know if he really understand all the ramifications of his actions or not...
Aren't you forgetting that it's easy to start and win trade wars?
Obama delivered consistent 3% GDP growth? LOL never did.The economy was not strong enough for the fed raise interest rates of his entire terms.
I am for fair and reciprocal trade. This means if Germany put a tariff on US made cars and the US does not on German made cars its not fair and reciprocal. I support threatening them with a tariff if they put one on cars made here only an mad we do not put one of cars made there now.
What matters is jobs here can compete fairly without artificial trade barriers. Ignorance runs rampant so things to support ones preconceived notion or bias are made up. That is fake news.
I wonder if Pres. Trump is aware that Diamler-Mercedes has a factory in Tuscaloosa AL, BMW has a factory in Greeneville SC and VW has a factory in Chattanooga TN? I wonder if he is aware that all 3 of those factories export tens of thousands of cars (mostly SUVs) from the US to Germany and other countries around the globe?
Sure, there are some luxury and high performance German cars imported to the US, but if you add all those up, there are probably not enough of any one model to justify a factory in the USA (Porsche for example). I'm sure there are a dozen or more German owned sub-parts factories in the southeastern USA that build components for all of those big car assembly plants.
We know Pres Trump has a bromance with Pres Macron, and he doesn't like Chancellor Merkel because she does not look like a hot fashion model. It really is not in our interest for Trump to stir things up against Germany, one of the most important economic and political allies of the USA in the post WW2 era. Why not figure out what Germany does to keep domestic manufacturing strong and bring some of those ideas to the US?
This isn't the Cold War era anymore- the US-German relationship is not what it used to be and there are no "economic allies", just trading partners, and with Germany running a large visible goods surplus with the US, it needs the US more than the US needs Germany, and that is before you consider Germany's weak military.
I certainly agree that US manufacturers should closely study German training, engineering, and management practices and adopt what works; however, Industry 4.0 also needs to be taken into account.
Trump's disagreements with Merkel have nothing to do with the latter's appearance, rather take a look at things like tariffs on autos that are 4x what the corresponding US tariffs are on German autos.
In 2017, 1.3 million German vehicles were sold in the country,
of the 1.3 million vehicles, some 800,000 were actually built in American factories. Many thousands more were made in German factories in Mexico, which is part of the NAFTA free trade area. And then there’s the fact that the Germans export many of their US and Mexican-built cars, and support 110,000 US jobs. So exactly how worried should VW, BMW, Mercedes be. In my opinion they should make some preparation, just in case.
I had no idea, BMW is actually America’s largest exporter of cars, mainly to China.
You mean Americas largest foreign exporter of cars because I am pretty sure that GM exports more Buicks alone to China than BMW exports their cars to China
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